Oil rises on strong US fuel demand as supply concerns continue

Oil Holds Biggest Gain in Five Weeks After US Stockpiles Decline

Oil held the biggest gain in about five weeks after US crude stockpiles shrunk and Ukraine attacked another Russian refinery. West Texas Intermediate futures traded below $80 a barrel after jumping 2.8% on Wednesday. Brent was steady near $84 after posting the highest close in more than four...

Oil Holds Biggest Gain in Five Weeks After US Stockpiles Decline

Oil held the biggest gain in about five weeks after US crude stockpiles shrunk and Ukraine attacked another Russian refinery. West Texas Intermediate futures traded below $80 a barrel after jumping 2.8% on Wednesday. Brent was steady near $84. US inventories dropped for the first time...

WTI Crude Oil Rises as a Report Shows US Inventories Unexpectedly Fell Last Week

West Texas Intermediate (WTI) crude oil closed up 2.8% on Wednesday after a report showed an unexpected drop in US oil inventories. WTI crude for April delivery closed up US$2.16 to settle at US$79.72 per barrel, while May Brent crude, the global benchmark, was last seen up US$2.00 to...

Oil up 2% on Russian refinery attacks and signs of strong demand

Oil prices rose about 2% on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian refineries, signs of strong demand and hopes that the Federal Reserve might start cutting interest rates soon despite sticky U.S. inflation. Ukraine launched a sweeping drone attack...

Oil higher on strong US demand, Fed policy in focus

Oil prices rose on Wednesday on expectations of strong global demand, including in the world's top consumer the United States, while somewhat sticky U.S. inflation did not significantly alter expectations that the Fed might start cutting rates soon. Brent futures for May rose 28 cents, or 0.3%,...

Oil Climbs as Industry Report Points to Falling US Stockpiles

Oil advanced after four days of losses as an industry report pointed to shrinking US crude stockpiles, offsetting wavering OPEC cuts. West Texas Intermediate futures rose to trade near $78 a barrel after falling 2% over the previous four sessions. Brent climbed above $82. The industry-funded...

Oil Climbs as Industry Report Points to Falling US Stockpiles

Oil advanced after four days of losses as an industry report pointed to shrinking US crude stockpiles, offsetting wavering OPEC cuts. West Texas Intermediate futures rose to trade near $78 a barrel after falling 2% over the previous four sessions. Brent climbed above $82. The industry-funded...

Oil price gains capped by demand concerns

Oil prices rose in Tuesday trade as tensions in the Middle East continued to spur concern, but gains were capped by bearish demand sentiment ahead of monthly reports from oil agencies. Brent futures for May delivery were up 48 cents, or 0.6%, at $82.69 a barrel by 0936 GMT. The April U.S. crude...

Oil up as Middle East tensions persist, demand concerns cap gains

Oil prices rose in Tuesday trade as geopolitical tensions in the Middle East continued to spur concern, but gains were limited on bearish demand sentiment and as the market waited for monthly reports from oil agencies. Brent futures for May delivery were up 37 cents, or 0.4%, to $82.58 a barrel...

Oil Rises Slightly Ahead of Demand Estimates

Oil prices rose in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies. Brent futures for May delivery rose 23 cents to $82.44 a barrel by 0221 GMT. The U.S. crude April contract rose 17 cents to end at $78.10 a barrel. "Crude oil traded...

Oil Steadies Before OPEC Monthly Report and US Inflation Data

Oil steadied after a three-day drop ahead of a series of market reports and US inflation data that may provide direction for prices. West Texas Intermediate futures traded above $78 a barrel after falling 1.5% over the previous three sessions. Brent closed near $82 on Monday. Traders will...

Oil prices slips amid concerns over Middle East, China demand

Global benchmark Brent slipped on Monday, dipping below $82 a barrel, as persistent geopolitical concerns in the Middle East and Russia collide with jitters about softening demand in China. Brent futures were down 31 cents at $81.77 a barrel as at 1222 GMT, while U.S. West Texas Intermediate...

Oil Prices Fall on China Demand Worries

Oil prices extended last week's losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding the Middle East and Russia limited the decline. Brent futures fell 12 cents, or 0.2%, to $81.96 a barrel as at 0723 GMT, while U.S. West Texas Intermediate...

Oil Extends Drop as Investors Look Ahead to US Inflation Print

Oil pushed lower ahead of US inflation data and reports from OPEC and the IEA this week that may provide clues on the demand outlook. Brent futures fell below $82 a barrel after dropping 1.1% on Friday, while West Texas Intermediate was under $78. Prices still remain in a tight trading...

Oil Holds Decline as Investors Look Ahead to US Inflation Print

Oil held a loss ahead of US inflation data and reports from OPEC and the IEA this week that may provide clues on the demand outlook. Brent futures fell below $82 a barrel after closing 1.1% lower on Friday, while West Texas Intermediate was under $78. Prices still remain in a tight trading...

WTI Crude Oil Closes Lower Despite Robust Demand as the US Economy Continues to Run Hot

West Texas Intermediate (WTI) crude oil closed lower on Friday on robust supply, even as demand remains solid as the United States added more new jobs than expected last month, showing its economy remains robust despite high interest rates, WTI crude for April delivery closed down US$0.92 to...

Oil Advances After Canada-US Keystone Pipeline Briefly Halts

Oil gained after services were briefly suspended at the Keystone pipeline, a crucial conduit carrying Canadian crude to the US. Brent rose toward $84 a barrel after ending unchanged on Thursday. West Texas Intermediate climbed above $79. Operator TC Energy Corp. confirmed Keystone’s...

Oil prices up as world's top consumers boost demand

Oil prices rose on Friday, driven by growing demand in the world's biggest consumers, the United States and China, while the U.S. Federal Reserve gave a positive signal on the possibility of rate cuts. Brent crude futures were up 0.6%, or 49 cents, at $83.45 a barrel by 0415 GMT. U.S. West Texas...

Oil Advances After Canada-US Keystone Pipeline Briefly Halts

Oil rose after services were briefly suspended at the Keystone pipeline, a crucial conduit carrying Canadian crude to the US. Brent futures climbed above $83 a barrel after ending unchanged on Thursday. West Texas Intermediate gained as much as 0.8%, and was over $79. Operator TC Energy...